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if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away. there's a lot of things that the democrats want: extension of the payroll tax, expansion of unemployment been tits, more stimulus in general. that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erski
if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away....
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. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time to figure out their position. >> trying to figure out how to find a way to support things that they know they will have to do. it will be hard for them. >> the new republican offer, however, adds a new link to that. there is another reason some democrats might want to let the fiscal cliff happen. they might try to separate out any changes to entitlements such as medicare, which the president agreed to consider and many on the left vigorously opposed. >> the thing that is driving the horrendous deficit and debt problem are the federal healthcare programs. medicare, medicaid, tri care and related medical health programs. >> future deficits only make tax cuts even more contentious. any bill that permanently increases the deficit requires 60 votes in the senate. and these days, anything with the word "tax" in it, makes it hard to round up 60 votes. bret? >> bret: definitely. j
. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time to figure out their position. >> trying to figure out how to find a way to support things that they know they will have to do. it will be hard for them. >> the new republican offer, however, adds a new link to that. there is another reason some democrats might want to let...
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and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see also a drastic reduction in the number of millionaires in the u.s. as a result of this tax cliff. robert frank joins us now with the details. good evening, robert. >> good evening. drastic is right. if we go over the cliff the wealthy will become less wealthy and fewer americans would become wealthy. the u.s
and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. do we speak your language i mean some of the worn out of the. news programs and documentaries in spanish matters to you breaking news a little tonnage of angles kiddies stories. for you here. in troy all t. speil. find out more visit eye to eye. play. a little. anxious. live close. you. good afternoon welcome to capital account i'm lauren mr here in washington d.c. viz your headlines for friday december seventh two thousand and twelve is jobs day u.s. jobs numbers for november came in better than expected with the b.l.s. report showing one hundred forty six thousand jobs were added much more than expected and the unemployment rate fell to seven point seven percent but why did the rate went down because more people left the labor force and when you look at the lack of exciting increases in wages that also comes out in this report what should we really make of it all and what does that portend for housing which our guest ba
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. do we speak your language i mean some of the worn out of the. news programs and documentaries in spanish matters to you breaking news a little tonnage of angles kiddies stories. for you here. in troy all t. speil. find out more visit eye to eye. play. a little. anxious. live close. you. good afternoon welcome to capital account...
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Dec 5, 2012
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economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of this. increasingly you are hearing from republicans on the house and senate side we are done looking for compromise on this. we want a way out. looking for an exit plan. >> bret: meantime, the pentagon is now saying that they are preparing for sequestration, as the other agencies. getting ready for what happens. how much can the government hold off the bad things that happen on the first of the year? >> hold off some of it for a few months but this is a catastrophe. the president says rattling the cage, that will a
economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of...
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carry everybody everybody in their system even though nothing's really going to change because the economy sucks anyway oh i think it'll change i just don't think they're going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the for a while realistically nothing drastic is probably going to happen. while the u.s. government finds his huge deficit max and stacey is here to discuss the so-called hollywood accounting schemes that apology even more pressure on the economy here's a quick preview of the fall kaiser report coming up in about five minutes from now . is that these are monies that are for pensions for police nurses you know hospital workers farman and this money that is taken out of their paycheck every week is put into these retirement funds and then the state interest if they collateralize those funds back a bond which i'm sure the rating agencies moody's pitcher pay of course i'm sure they gave a good rating and then the hollywood people came in and stole that money and then those people lose the
carry everybody everybody in their system even though nothing's really going to change because the economy sucks anyway oh i think it'll change i just don't think they're going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the for a while realistically nothing drastic is probably going to happen. while the u.s. government finds his huge deficit max and stacey is here to discuss the so-called hollywood...
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Dec 6, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. liberty mutual insurance -- responsibility. what's your policy? so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the support your body needs - each of you
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement,...
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Dec 7, 2012
12/12
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i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor department says no sandy impact. do you believe in the long 0 run we will look back at this report and not see a sandy impact? >> that's an interesting question, chuck. there was an impact in terms of over a million workers who normally work full time or part time in the reference week. so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a l
i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor...
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>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do it, the more -- the fewer fertile grounds there might be to grow those jobs. this is a race that goes on to try to be as business competitive as you can be. >> and unions are shrinking. as governors said, under 18% of michigan's workforce is unionized. >> panel, thank you. why did the state of new jersey bulldoze one man's home without telling initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade
>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do...
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Dec 5, 2012
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economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the roof but i think -- and i think you would see them behave in a very different way in both iraq and afghanistan. >> rose: based on everything you know, do you believe that they will respond to the economic embargo, the economic sanctions if we turn that screw as hard as we possibly can? >> i don't think the government will, if there is one thing that the iranians, saddam hussein, the north koreans and bashar al-assad all have in common is they don't care how many other people get killed. >> rose: even their own
economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the...
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you want to live from moscow one area of america's economy which is thriving is its prisons are packed to the rafters with criminals who make up a very lucrative and cheap labor force and as out his guns she can experience businessman spend millions to keep it that way. in the us the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style manufacturing line behind prison walls prisons in fact advertise themselves as such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that is actually has been going out of this country and we're putting it you know inside the walls and it's absolutely a perfect idea. i have a workforce that is not the kind of problems o
you want to live from moscow one area of america's economy which is thriving is its prisons are packed to the rafters with criminals who make up a very lucrative and cheap labor force and as out his guns she can experience businessman spend millions to keep it that way. in the us the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style...
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multinational corporations come to dominate the russian economy and wipe out whatever domestic economy is there as a consequence of free trade might not be a good thing for anyone including americans because the jobs will end up in china and korea but the idea that this cold war vested has been removed i think is a good thing and i think the idea is driving it and the powers that are driving the businesses want these barriers removed i think those are also good things and coble vestige and yet just briefly the russian foreign ministry very angry saying this could be a return to the cold war. well it indicates a inclination that way from the united states and the russian foreign minister should respond to such an obvious insult where the united states probably the preeminent violator of human rights at this point in terms of scale magnitude and depth pointing its finger at anyone certainly the person who's having their finger that finger in their face should reply point out you have no standing to accuse us of anything and stand up for themselves and so i think the foreign minister is c
multinational corporations come to dominate the russian economy and wipe out whatever domestic economy is there as a consequence of free trade might not be a good thing for anyone including americans because the jobs will end up in china and korea but the idea that this cold war vested has been removed i think is a good thing and i think the idea is driving it and the powers that are driving the businesses want these barriers removed i think those are also good things and coble vestige and yet...
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how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about sang up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savis. all the things humans need to make our beautifully imperfect world a little lesimperfect. call... and lock in your rate for 12 months. liberty mutual insurance
how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty...
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Dec 7, 2012
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economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than negative. >>gerri: better than negat
economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see...
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economy. martha: new comments about the crisis in syria coming from secretary of state hillary clinton. the u.s. and other nations fear that the syrian regime could use chemical weapons against its own people. secretary clinton making it very clear that syrian president bashar al-assad must go. >> let me also be absolutely clear. the united states stands with the syrian people in insisting that any transition process result in a unified, democratic syria. in which all citizens are represented. sunni, alawite, christians, kurds, men, women, every syrian must be included in this process for a new and better future. martha: still far from where we are right now in the country of syria where 45,000 people have been killed under the assad regime. president, secretary clinton also promising to hold all parties accountable for what happens in syria. in other words, if assad does go, if you are part of that regime, part of the killing, part of what we've seen happening you also will be held accountabl
economy. martha: new comments about the crisis in syria coming from secretary of state hillary clinton. the u.s. and other nations fear that the syrian regime could use chemical weapons against its own people. secretary clinton making it very clear that syrian president bashar al-assad must go. >> let me also be absolutely clear. the united states stands with the syrian people in insisting that any transition process result in a unified, democratic syria. in which all citizens are...
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find out what's really happening to the global economy with mike's culture for a no holds barred look at the global financial headlines tune into a report on our six. experience before series with the color guard. the model for service. so. before sponsorship. nations the foreign policy. lifts. they are all here to make it possible. to chimp and the client. the for. the for. you. so. the gold fever. turnstyles winds into slaves. my father but also among others involved in the monsoon and since i started working in amman i stated a lookup. field multinationals. is a cash cow to be milked dry and if i think that in this country gold medal logie has an environmental cost which is unacceptable local business was labeled illegal and controlled by criminals in order to protect our lives our families and to work in peace. most blog post but we are forced to pay protection to illegal groups what price is colombia going to pay. if the modest effect on our t.v. . hello yellow welcome to the spotlight show on arts. today my guest on the show is. the. membership kept russia excited for almost two
find out what's really happening to the global economy with mike's culture for a no holds barred look at the global financial headlines tune into a report on our six. experience before series with the color guard. the model for service. so. before sponsorship. nations the foreign policy. lifts. they are all here to make it possible. to chimp and the client. the for. the for. you. so. the gold fever. turnstyles winds into slaves. my father but also among others involved in the monsoon and since...
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Dec 9, 2012
12/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> chris: the bloody civil war in syria took an even more ominous turn, this week. with the report from the assad regime, is prepared and might use chemical weapons against rebel forces. joining us now is michael oren. israel's ambassador to the u.s. ambassador,lcome back to fox news sunday. >> great to be here. >> chris: there is a report in "the sunday times of london", israel has spotters on the ground inside syria. what is your latest intelligence about assad preparing, possibly getting ready to use chemical weapons? is she still mixing the sarin gas? or have the warnings from secretary of state clinton and the president scared him off. >> we have been watching it many months now and it's not new to us. syria has a
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> chris: the bloody civil war in syria took an even more ominous turn, this week. with the report from the assad regime, is prepared and might use...
SFGTV2: San Francisco Government Television
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Dec 3, 2012
12/12
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SFGTV2
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let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals that are younger and are energetic and they come from all over the world. we have to make sure our education system lifts them to their highest aspirations. when the society ages, it tends to -- it declines. that is the big demographic imperative. i was reviewing one of my favorite books on the roman republic. how did this village on the tiber grow to be the absolute leader of the known world in a few hundred years? it expanded its territory by plunder, by what ever. details. it was not pretty. [laughter] it added people, it kept getting bigger and incorporated the p
let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals...
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Dec 5, 2012
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i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be pretty conservative. i think there's going to be a rally here year end, but you have to buy conservative cash flow and look overseas. i just don't think things are as rosy as everybody thinks. >> yeah, it's a goods point. i know a couple more people who agree with you on that. let me ask you this, michael. apple, stock was under pressure. it's been in a real free fall lately after hitting the highs of the year. what do you want to do with apple here? >> now i'm going to get optimistic, maria. i think that apple is really having a problem right now in terms of their pipeline gett
i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be...
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find out what's really happening to the global economy. there are no holds. headlines to report. her to cut. as. most of the mines in segovia have passed into the hands of citizens who established small companies and have exploited them for many years now. at the mine one hundred thirty workers bring the or to the surface like ants carrying it on their backs from a depth of three hundred meters. or out by the side. trying not to make it too heavy so you can walk. it depends. there are times you make two and a half to three million that's twelve hundred euros because the mine is rich you can even make four or five million. give me middle of the gold miner works hard for fifteen days to one man the minute . and then he goes out and in one week spends it all on drink on women and passions everything he made in a month. it's ok. that is why in a place so rich there is such great poverty. often the mines are a stone's throw away from homes the residents dig wherever they think they can get lucky. up on. this one hundred ten meters about forty five degrees. for the time being we haven'
find out what's really happening to the global economy. there are no holds. headlines to report. her to cut. as. most of the mines in segovia have passed into the hands of citizens who established small companies and have exploited them for many years now. at the mine one hundred thirty workers bring the or to the surface like ants carrying it on their backs from a depth of three hundred meters. or out by the side. trying not to make it too heavy so you can walk. it depends. there are times you...
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Dec 9, 2012
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but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to attack rich people and they lost that in the election and have not been able to make the case that they should have made in the election this year which is on spending and the debt limit. >> go ahead. >> this is bad for the g.o.p. no matter what. and i hate to say this. but, you know, we are either not going appeal to our very conservative base or we're going to tick off people that think that we're not being hard enough. so, this is going to end up. this is going to play badly for the g.o.p. either way. obama set this up. kind of like a dog and pony show to where it's almost like this is just aimed at the republican party. >> judge jeanine: doug, is this just about spending? is it about the taxes? is it about the debt ceiling? make no mistake. do we all agree that, you know, the elimination of congressional approval and the elimination of the debt ceiling, i mean,
but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to attack rich people and they lost that in the election and have not been able to make the case that they should have made in the election this year which is on spending and the debt limit. >> go ahead. >> this is bad for the g.o.p. no matter what. and i hate to say this. but,...
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Dec 10, 2012
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KPIX
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we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural changes that would make them irrelevant. the art of the deal involves giving people a soft place to land. and right now, republicans aren't seeing a soft place to land. their only option is humiliation in this process, and they're increasingly thinking that the president sees victory at the bottom of the fiscal cliff. >> but remember where we were when we last had this debate between the speaker and the president and the president and the white house feels like they were humiliated by speaker boehner when he wouldn't return his own phone calls. that's part of what's going on here is the lac
we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. you know how sometimes you see a story and it seems so. you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. thank. you guys you're welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and let's not be coy i think the best name for this baby will be snooki. standing. yes max well of course it's a big budget day in the united kingdom and it's of course celebrating everywhere you look you cannot escape every single paper. and will and kate it's never ending but with this austerity budget and with the celebration all the newspapers are talking
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. you know how sometimes you see a story and it seems so. you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. thank. you guys you're welcome to the kaiser report people of the united...
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Dec 5, 2012
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there's a lot at stake in america and international economies as well. can you reassure them that you will come to some sort of a deal? >> i think that we will. we're in the early stages of the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms of cuts. where are concerned about the deficit. i believe we will get there. i really do. >> you are a perennial optimist. you make everything seem sunny. we are at a stalemate. republicans do not want to raise taxes and democrats to know what to -- do not want to cut spending. >> the president has the political upper hand. if nothing happens, the tax rates do expire as is and t
there's a lot at stake in america and international economies as well. can you reassure them that you will come to some sort of a deal? >> i think that we will. we're in the early stages of the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there....
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also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off two workers and was about to lay off more. now this electrical contractor is hiring with more business than he can handle. >> people want their work done right away. we are working to get that done for them. >> i'm a firm believer of taking the work while it's there. so i really don't pass up too much. if we have to work saturdays and sundays we will. >> many in the northeast were hit hard by the storm including descrawnts and retrailers. the construction agency was booming. landscapers, carpenters all seeing big demand. economists caution it's a short-term boost. >>
also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
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the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billio
the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget,...
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Dec 9, 2012
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economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through
economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is...
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economy. speakers include gene sperling, harvard university president, and former congresswoman and portugal vice-president, susan molinari. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
economy. speakers include gene sperling, harvard university president, and former congresswoman and portugal vice-president, susan molinari. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
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that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested in politics and that's the challenge that we have a getting through that and making certain that we not be talking politics, we talk about positive policy for american people, getting committee rolling and getting jobs created. >> the administration, as we've been saying, has said they're prepared to go over the cliff. we heard that from tim geithner. if republicans refuse to raise taxes on the wealthy and john boehner said yesterday that's unacceptable, though he admit
that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days,...
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of the head and this is what we have here the ural is slower rhotic the currency is a shambles the economies of western europe are a disaster and ultimately the banks of europe have gorged on too much debt they've bought lovely juicy greek bonds that appear to be wonderful things that have turned into fetid ness and they're left without enough capital so what do you think will happen with them because lenders right now are pressured not to lose their market positions when we see the smaller banks collapse or even eaten by the big fish well it's a curious situation and probably some smaller banks are going to be eaten by big fish but of course the tricky thing is that i actually think the big fish don't look to be terribly well capitalized either of course they're all making huge protestations to say we're beautifully well capitalized to me bank for instance they've been saying we're we're well and truly on the way to health under this basel three regulation and then you read today's financial times and there's an allegation it up which says that actually they were covering up twelve billion
of the head and this is what we have here the ural is slower rhotic the currency is a shambles the economies of western europe are a disaster and ultimately the banks of europe have gorged on too much debt they've bought lovely juicy greek bonds that appear to be wonderful things that have turned into fetid ness and they're left without enough capital so what do you think will happen with them because lenders right now are pressured not to lose their market positions when we see the smaller...
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Dec 10, 2012
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republicans will say it's too weak for us to play a guinea pig with the economy. i think what is relevant about the job numbers is they're not strung. politics aside, presidents when they have a second term we know their lasting legacy is their stewardship of the economy. it's astonishing this president thinks given how weak the economy is that you can go out just impose new taxes, whatever that may come. if he's wrong and it has an effect, it's going to be hard to dig out of that. >> juan, 23 days and counting until we go over the cliff. do you see, and you heard senators corker and schumer, any sign that we're getting closer to a deal and it sure seems, listening to senator corker, like republicans are caving on the top tax rates. >> you were listening carefully. >> chris: it didn't take that much careful listening. >> that's right. that's a sign. republicans don't have leverage. you look at the polls, it's not one or two polls, it's overwhelming, the american people would blame the g.o.p. the second thing to say is you look at people like corker, but beyond cor
republicans will say it's too weak for us to play a guinea pig with the economy. i think what is relevant about the job numbers is they're not strung. politics aside, presidents when they have a second term we know their lasting legacy is their stewardship of the economy. it's astonishing this president thinks given how weak the economy is that you can go out just impose new taxes, whatever that may come. if he's wrong and it has an effect, it's going to be hard to dig out of that. >>...